The Internal Revenue Service reminded employers that they must file Form W-2 and other wage statements by February 1, 2021, to avoid penalties.
How can a business ensure the process is made easier to file W-2s and other forms this year?
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Good preparation now can help businesses avoid problems later. For instance, employers can get an early start verifying or updating employee information like names, addresses and Social Security numbers or Individual Taxpayer Identification Numbers.
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